Comments
Shares of state-controlled banks rise as bonds gain ahead of CPI data.
CPI data due at 1200 GMT is expected to show a rise in December inflation to 5.4 per cent, but within RBI’s target of 6 per cent by January 2016
According to traders, declining bond yields may lead to Treasury gains on bond portfolios.
State-run banks are the biggest buyers of government debt in markets.
State Bank of India rose 0.6 per cent, Punjab National Bank was up 1.7 per cent, and Allahabad Bank gained 2.3 per cent.
The benchmark 10-year bond yield fell 3 bps to 7.81 per cent.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.